Business Setup in Dubai Internet City (DIC)

Business Setup in Dubai Internet City - (DIC) is an integral part of the TECOM Group’s Business Communities. TECOM Group is a member of Dubai Government’s ever growing investment conglomerate “Dubai Holdings” which manages an asset portfolio of more than 130 billion AED, spread across more than 24 countries. TECOM group is entrusted with the responsibility of a strategic business enabler who can contribute to the realization of Dubai’s economic aspirations by creating sector-focused business communities. Dubai Internet City (DIC) is one of such communities. The Dubai Creative Clusters Authority (DCCA) regulates the DIC along with seven other creative clusters.

The establishment of Dubai Internet City was officially declared in 1999 with a vision to develop Dubai as ICT (Information and Communication Technologies) hub of the region and the world. DIC was destined to act as a link between business ideas and markets by fostering innovation, new ideas, knowledge development and entrepreneurship. Today, Dubai Internet City is the largest ‘Technology Business Hub’ in the region with business friendly regulations. Over the years DIC could emerge as a technology business eco-system nurturing entrepreneurs, start-ups, SMEs and halo brands at the same time.

Starting an ICT business is the dream of technopreneurs across the world. If you are planning to register a company in Dubai Internet City (DIC), please feel free to contact me for a free consultation on Business Setup in DIC.

Advantages of Business Setup in Dubai Internet City – DIC

No personal income tax for 50 years

No corporate tax for 50 years

No restrictions on capital and profit repatriation

100% foreign ownership

Freehold office solutions for buying or leasing

Other flexible office solutions

Existence of a well-developed technology business eco-system

Pre-built state of the art infrastructure, facilities and services required start a technology business.

Types of licenses issued in DIC (Dubai Internet City)

DIC issues mainly service and trading licenses related to software, network and information technology, multimedia, telecommunications, consultancy, e-commerce, marketing and other software related services.

DIC also offers license for retailing, lifestyle services and other IT related services on case by case basis.

Note:  Free Zone entities are licensed to operate only within the free zone territory. Free Zone entities can sell goods or products in UAE mainland (local market) only through an authorized distributor or agent. Free Zone licensee can offer service only within the free zone limit.

Types of companies that can be setup in Dubai Internet City (DIC)

Branch of a UAE based company

Branch of a foreign company

Free Zone limited liability company owned by an individual shareholder

Free Zone limited liability company owned by a corporate shareholder

Free Zone limited liability company owned by individual and corporate shareholders

You may also be interested in the following related articles:

List of Free Zones in Dubai and UAE

Free Zone Company Formation in Dubai and UAE – Advantages

Free Zone Company Formation Procedures

Mr. Baiju Masoodu is a specialist in Free Zone Company Formation. Our ‘corporate service firm’ can advise and assist you to set-up a business in Dubai Internet City Free Zone. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: baijumasoodu@gmail.com

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DIC

 

 

 

 

 

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